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19 September, 02:02

How does scarcity make countries interdependent

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  1. 19 September, 02:06
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    Scarcity is the lack of necessary resources to keep the nation going. In a nation, there are times when crisis hits the economy leaving the economy unstable. In order to survive this ‘drought’, they interact and connect with the neighboring countries. They share, export, import, negotiate and purchase resources that will give them a win-win situation. This makes the countries interdependent with each other, and that even though the country finally was able to go through the crisis, they will; realize that they need the other countries’ resources for their own beneficial production.
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